CINP Cinpart

 

TIDMCINP 
 
RNS Number : 6810C 
Cinpart PLC 
18 November 2009 
 
18 November 2009 
 
 
CINPART PLC 
('Cinpart' or the 'Company') 
 
 
Establishment of Employee Benefit Trust 
 
 
Cinpart (AIM:CINP), the electrical products manufacturer and supplier, announces 
that it has executed a trust deed in order to constitute the Cinpart Employee 
Benefit Trust (the "EBT") with Cinpart EBT Limited, a wholly owned subsidiary of 
the Company, being appointed as trustee (the "Trustee"). 
 
 
The establishment of the EBT will enable the Trustee to acquire shares in the 
Company and to make those shares available for the benefit of current and future 
employees of the Company and its subsidiaries (the "Group"), as part of the 
Group's employee incentive strategy. 
 
 
-ENDS- 
 
 
Enquiries: 
 
 
+--------------------------------------+--------------------------------------+ 
| Cinpart Plc                          |                                      | 
+--------------------------------------+--------------------------------------+ 
| Kevin Baker, Chief Executive         |                   Tel: 020 3176 3033 | 
| Christopher Foster, Executive        |                   Tel: 020 3176 3031 | 
| Director                             |                                      | 
|                                      |                                      | 
+--------------------------------------+--------------------------------------+ 
| Merchant John East Securities Limited (Nominated Adviser)                   | 
+-----------------------------------------------------------------------------+ 
| John East/Simon Clements             |                   Tel: 020 7628 2200 | 
|                                      |                                      | 
+--------------------------------------+--------------------------------------+ 
| Mirabaud Securities LLP (Joint Broker)                                      | 
+-----------------------------------------------------------------------------+ 
| Rory Scott                           |                   Tel: 020 7878 3360 | 
|                                      |                                      | 
+--------------------------------------+--------------------------------------+ 
| Rivington Street Corporate Finance Limited (Joint Broker)                   | 
+-----------------------------------------------------------------------------+ 
| Monisha Varadan                      |                   Tel: 020 7562 3389 | 
|                                      |                                      | 
+--------------------------------------+--------------------------------------+ 
| Hansard Group (Public Relations)     |                                      | 
+--------------------------------------+--------------------------------------+ 
| Kirsty Corcoran/Justine James        |                   Tel: 020 7245 1100 | 
+--------------------------------------+--------------------------------------+ 
 
 
About Cinpart: 
Cinpart plc (AIM: CINP) is a holding company that owns 72.2 percent of Active 
Energy Limited. Active Energy manufactures and supplies the VoltageMaster, a 
device that can reduce electricity consumption in commercial buildings by up to 
20 percent. 
 
 
Other wholly owned subsidiaries in the Company's group include Derlite Co 
Limited; based in Thailand, this company is an international manufacturer of 
electrical and non-electrical components specializing in ignition systems for 
gas appliances and Gasignition Limited; a trading company supplying electrical 
components to small and medium-sized European gas appliance manufacturers. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCBPBPTMMIBMIL 
 

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